17,717 Shares in Stagwell Inc. (NASDAQ:STGW) Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. purchased a new stake in Stagwell Inc. (NASDAQ:STGW) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,717 shares of the company’s stock, valued at approximately $136,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new position in Stagwell in the second quarter valued at $29,000. Paloma Partners Management Co acquired a new position in shares of Stagwell during the 3rd quarter worth about $77,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stagwell by 59.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock valued at $114,000 after acquiring an additional 6,058 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Stagwell by 25.1% during the 2nd quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after acquiring an additional 3,360 shares in the last quarter. Finally, FMR LLC lifted its stake in Stagwell by 370.3% during the third quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after purchasing an additional 13,252 shares during the last quarter. Hedge funds and other institutional investors own 35.61% of the company’s stock.

Stagwell Stock Performance

Shares of Stagwell stock opened at $7.15 on Wednesday. The firm’s fifty day simple moving average is $7.22 and its 200-day simple moving average is $6.96. Stagwell Inc. has a 12 month low of $4.88 and a 12 month high of $8.18. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 24.47 and a beta of 1.44. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

Wall Street Analyst Weigh In

STGW has been the topic of several recent analyst reports. Benchmark increased their price target on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities lifted their price target on shares of Stagwell from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $7.50 price target on shares of Stagwell in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Stagwell Company Profile

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.